Dinari
Active AUM
$8.65m-0.08%over 24h
Key Metrics
Onchain AUM$12.19m
Change (24h)-0.20%
71%
DeFi Active TVL$1,243
Change (24h)-0.16%
<0.1%
Largest protocolUniswap V4$1,243
Net Flows 30dN/A
N/A
Live Assets59
1
Est. Annual Revenue$97,436
ConfidenceIssuer-Disclosed
Assets Rankings
| Name | AUM | DeFi | Flows | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
 WisdomTree Floating Rate Treasury Fund dShare (Dinari)USFR.d | Equity Basket | $6.82m | $6.82m | +23.78% | $122 | 0.0018% | 0% | |||
 NVIDIA Corporation dShare (Dinari)NVDA.d | Stock Backed | $509,892 | $916,827 | +1.03% | $27 | 0.0053% | 0% | $224.06 | ||
 TSLA dShare (Dinari)TSLA.d | Stock Backed | $500,292 | $597,256 | +1.73% | $60 | 0.012% | +11.11% | $370.59 | ||
 MicroStrategy Inc dShare (Dinari)MSTR.d | Stock Backed | $427,783 | $1.11m | +4.00% | $18 | 0.0042% | +5.88% | |||
 Apple Inc. dShare (Dinari)AAPL.d | Stock Backed | $77,779 | $181,328 | +9.41% | $70 | 0.09% | +11.11% | $340.38 | ||
 Broadcom Inc. Common Stock dShare (Dinari)AVGO.d | Stock Backed | $54,383 | $131,463 | -0.93% | $0 | 0% | ||||
 MARA Holdings, Inc. Common Stock dShare (Dinari)MARA.d | Stock Backed | $40,267 | $42,966 | -6.21% | $0 | 0% | $12.42 | |||
 SP Funds S&P World (ex-US) ETF dShare (Dinari)SPWO.d | Equity Basket | $37,066 | $50,868 | +2.14% | $0 | 0% | ||||
 Coinbase Global, Inc. Class A Common dShare (Dinari)COIN.d | Stock Backed | $29,058 | $31,902 | +1.13% | $26 | 0.089% | 0% | |||
 SPDR S&P 500 ETF Trust dShare (Dinari)SPY.d | Equity Basket | $26,739 | $243,063 | +1.16% | $48 | 0.18% | 0% | |||
 Alphabet Inc. Class A dShare (Dinari)GOOGL.d | Stock Backed | $21,760 | $210,051 | -0.87% | $78 | 0.36% | -1.27% | |||
 Invesco QQQ Trust, Series 1 dShare (Dinari)QQQ.d | Equity Basket | $16,118 | $70,395 | +37.16% | $11 | 0.068% | 0% | |||
 GME dShare (Dinari)GME.d | Stock Backed | $14,051 | $14,051 | +3.61% | $14 | 0.1% | +7.69% | |||
 Advanced Micro Devices, Inc. Common dShare (Dinari)AMD.d | Stock Backed | $13,554 | $106,373 | +12.23% | $76 | 0.56% | +11.76% | $618.02 | ||
 Microsoft Corporation dShare (Dinari)MSFT.d | Stock Backed | $10,999 | $75,919 | +4.55% | $12 | 0.11% | +9.09% | $517.47 | ||
 Meta Platforms, Inc. dShare (Dinari)META.d | Stock Backed | $8,598 | $97,379 | +37.61% | $14 | 0.16% | +7.69% | $748.02 | ||
 Dell Technologies Inc dShare (Dinari)DELL.d | Stock Backed | $5,550 | $19,032 | -1.43% | $24 | 0.43% | 0% | |||
 abrdn Physical Silver Shares ETF dShare (Dinari)SIVR.d | Equity Basket | $5,446 | $174,917 | -6.59% | $0 | 0% | $58.87 | |||
 Amazon.com, Inc. dShare (Dinari)AMZN.d | Stock Backed | $5,396 | $70,248 | -12.80% | $67 | 1.24% | -1.47% | $248.56 | ||
| SP Funds S&P 500 Sharia ETF dShare (Dinari)SPUS.d | Equity Basket | $4,136 | $186,081 | +2.91% | $0 | 0% | $59.91 | |||
 iShares Gold Trust dShare (Dinari)IAU.d | Equity Basket | $2,904 | $115,150 | -4.00% | $10 | 0.34% | -9.09% | $78.94 | ||
 SPDR Gold Trust, SPDR Gold Shares dShare (Dinari)GLD.d | Equity Basket | $2,594 | $21,966 | -1.26% | $11 | 0.42% | 0% | |||
 PayPal Holdings, Inc. dShare (Dinari)PYPL.d | Stock Backed | $2,352 | $5,079 | +4.70% | $0 | 0% | ||||
About Dinari
Dinari is the leading US-regulated tokenized-stocks platform, founded in 2021 by CEO Gabe Otte and headquartered in San Francisco. dShares are 1:1-backed tokens of US equities and ETFs (200+ tickers including AAPL, NVDA, TSLA, SPY, MSTR), each retaining full shareholder rights including dividends and corporate actions. Dinari Inc. is an SEC-registered Transfer Agent (Section 17A(c)) — the first crypto-native firm to receive this designation — and Dinari Securities LLC is the first FINRA/SIPC-registered broker-dealer authorized to offer tokenized US stocks (June 2025). In August 2025 Dinari launched the Dinari Financial Network, a Layer 1 omni-chain orderbook powered by Avalanche, and partnered with Chainlink and S&P Dow Jones Indices for the S&P Digital Markets 50 Index. Total funding $22.65M (Series A led by Hack VC and Blockchange).
Entity
Legal entityDinari Inc.
HeadquartersSan Francisco, USA
Founded2021
Primary chainArbitrum
Entity structure
Dinari Inc. is the Delaware incorporated US parent holding the SEC transfer agent registration and issuing dShares under Regulation S. Dinari Securities LLC is the broker dealer affiliate for the US market path under parent Dinari Holdings LLC.
Registry
Dinari Inc. — Delaware C-corporation, SEC-registered Transfer Agent under Section 17A(c) of the Securities Exchange Act of 1934 (the first crypto-native firm to receive this registration). Wholly owned subsidiary Dinari Securities LLC is a separately registered broker-dealer and member of FINRA/SIPC — the first US licensed broker-dealer authorized to offer tokenized US equities (granted June 2025). Headquartered in San Francisco. Founded 2021. CEO Gabe Otte. Total funding $22.65M, including a $12.7M Series A in May 2025 led by Hack VC and Blockchange Ventures.
Regulation
Dinari Inc. is an SEC registered transfer agent effective May 2022, and affiliate Dinari Securities LLC received FINRA broker dealer membership approval in June 2025, the first for a tokenized equity platform. dShares are issued and sold by Dinari Inc. to non US persons under SEC Regulation S and the tokens are not registered under the Securities Act.
Compliance
Of 59 assets
Attested0 of 59
KYC to mint or redeem59 of 59
Allowlisted to hold59 of 59
Transferable59 of 59
Self custody59 of 59
Redeemable59 of 59
Attestation frequencyMonthly
Last attestationPer-token 1:1 backing, monthly reconciliation
Fees & revenue
Revenue modelMint/Redeem Spread
ConfidenceIssuer-Disclosed
Est. annual revenue$97,436
Holder total fee50 bps
Mint fee25 bps
Redemption fee25 bps
Fees last verified2026-07-09
Issuance and redemption each cost a flat trading fee plus an order fee of 25 bps when paying in USD plus or 50 bps in USDC or USDT. The flat fee is 20 cents per order on Base, Arbitrum, and Plume and 50 dollars on Ethereum mainnet. Dividend payments carry a 5 percent service fee. Volume discounts exist for qualified partners.
Milestones
- 2026-07tZERO partnership to bring tokenized US equities to broker dealers
- 2025-08Dinari Financial Network omni chain orderbook L1 launched on Avalanche
- 2025-06FINRA broker dealer approval and Gemini launched Dinari powered tokenized stocks for EU customers
- 2025-0512.7 million Series A led by Hack VC
- 2022-05SEC transfer agent registration effective